Worldwide Container Shipping news - Archive 2007, November

News was prepared under the information
support of Online Daily Newspaper
on Hellenic and international
Shipping "Hellenic Shipping News".

Port Taranaki loses out on coal contract

Port Taranaki will miss out on an $NZ80 million ($A69.17 million) export coal contract after Pike River Coal Ltd announced on Tuesday they will send their coal to Lyttelton, near Christchurch. Solid Energy signed an 18-year agreement with fellow coal ... »

30 Nov 2007

Port strike continues as talks remain inconclusive

The Joint Forum of Trade Unions have decided to continue the strike at the Cochin Port, as the talks with the Port Management and terminal operators remained inconclusive this evening. Forum General Convenor P M Mohammed Haneef said the management fa ... »

30 Nov 2007

Polemis calls for continued communication on EU plans

The chairman of the International Chamber of Shipping, Spyros Polemis, has written to EU Commissioner Borg on the recent European Commission 'Blue Paper' setting out proposals and an Action Plan for an integrated EU maritime policy,.Mr Polemis writes ... »

30 Nov 2007

Construction to start on Jeddah terminal

Construction on the Saudi Trade & Export Development Company (Tusdeer)'s $443 million Red Sea Gateway Terminal at the Saudi port of Jeddah is due to begin January 2008. The development, planned to enable handling of the new generation of larger s ... »

30 Nov 2007

Chennai box terminal operations returning to normal

Operations at Chennai Container Terminal (CCT), which were hit in the last two days by high swells caused by the cyclone SIDR that hit the East Coast, are returning to normal. The high swells necessitated un-berthing of three container vessels on Fri ... »

30 Nov 2007

Cambodia beefs up maritime security to fight terrorism

Cambodia has strengthened its maritime security to fight against terrorism, transnational crimes and improve its sea environment protection, said Prime Minister Hun Sen here yesterday. 'I used to be very concerned that my country can become a safe sh ... »

30 Nov 2007

Germanischer Lloyd and Harbin Engineering University Sign Cooperation Agreement

An intensive collaboration on engineering training, including acoustics and fluid dynamics, was agreed between classification society Germanischer Lloyd and China's premier Harbin Engineering University. The cooperation agreement was signed in a form ... »

30 Nov 2007

Bulgaria to Complete Bulk of Asset Sales in 2008, Nikolov Says

Bulgaria, which joined the European Union on Jan. 1, will sell seven water-power plants and an arms maker next year, bringing its asset sale program near completion, Privatization Agency Executive Director Todor Nikolov said. The agency has disposed ... »

30 Nov 2007

The United States have proclaimed Rotterdam one of the most secure ports in the world

The Americans are so enthusiastic about the security measures in Rotterdam that 60 other ports have been told they will have to employ the same system if they want to handle goods coming from or going to the United States.Containers moving through th ... »

30 Nov 2007

Goldenport concludes newbuilding contracts

Goldenport Holdings Inc., (LSE:GPRT) announced that as of today the Cosco Conditional Contracts for the construction of the four new-build bulk-carrier vessels of 57,000 DWT capacity each, with a total value of US$ 151.0 million, as described in the ... »

30 Nov 2007

Indian shipping lines in need of seafarers

There is shortage of skilled staff in domestic shipping lines. As per estimates received from the Indian National Shipowners' Association (INSA), there is a shortfall of about 834 officers in Indian flag vessels, as of June, 2007. Government has take ... »

30 Nov 2007

India to inject $1.8b into port infrastructure

The Jawaharlal Nehru Port Trust (JNPT) container port in Mumbai will develop its port infrastructure over the next five years at a cost of US$1.78 billion. The plan calls for the development of a fourth terminal at the port, an extension of Term ... »

30 Nov 2007

Marine business booming for Bureau Veritas

With a record order book of bulk carriers in 2007, Bureau Veritas is enjoying a strong position in the marine industry's competitive bulk carrier segment. Bureau Veritas received a huge boost to the numbers of bulk carriers, mostly built in China, or ... »

30 Nov 2007

IMO Assembly issues renewed call for action on piracy off Somalia

Renewed calls for action to prevent and suppress acts of piracy and armed robbery against ships, in particular off the coast of Somalia, were made by the 25th session of the Assembly of the International Maritime Organization (IMO), when it adopted a ... »

30 Nov 2007

China joins world elite in shipping

The number of container units handled by mainland ports this year hit 100 million yesterday, highlighting the country's position as a major player in the industry worldwide. ''China's container transportation has reached world levels both in handling ... »

30 Nov 2007

Hellenic Institute of Marine Technology to host Annual Conference

Today marks the inauguration of the annual meeting of marine technology in Hellas, with the respective institute presenting its work and organizing three separate sessions and a round-table with prominent speakers. Hellenic Shipping News has sponsore ... »

30 Nov 2007

Petraia Maritime Sentenced to Pay $525,000 for Environmental Crime

A federal district court in Maine sentenced Petraia Maritime Ltd., to pay a fine of $525,000 and serve two years probation for violating the Act to Prevent Pollution From Ships (APPS), the Justice Department announced.Petraia had been convicted follo ... »

30 Nov 2007

Euroseas Ltd. Reports Results for the Third Quarter and Nine Month Period

Euroseas Ltd., an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced today its results for the third quarter and nine month period ended September 30, 2 ... »

30 Nov 2007

Piraeus Port Authority reports improved nine-month results

The Board of Directors of P.P.A S.A. approved the Company's Financial Reports for the third quarter of the financial year 2007. The Financial Reports are summarized as follows: The Company's turnover increased by 7.89% amounting to euros126.14 mill ... »

29 Nov 2007

Hellenic Shipping News Bulletin

Hellenic Shipping News Bulletin Our online newspaper won't be renewing its content on Wednesday morning, because of a journalists' union 24-hour strike effective yesterday throughout the country. Being a news site, we are compelled to comply to the r ... »

29 Nov 2007

Mundra ambition to match Singapore prices

India-based bunker supplier Adani Bunkering Services has ambitious plans for its Mundra port operations. "We want to match Singapore's bunker prices," Chandan Samaiyar, head of bunkering for Adani, told Bunkerworld at the sidelines of the 3rd Bunkeri ... »

29 Nov 2007

HPH Launches New US$244 Million Facility at Port of Lazaro Cardenas, Mexico

Hutchison Port Holdings (HPH), the world's leading port investor, developer and operator, is pleased to announce the grand opening of the Phase I Expansion of Lazaro Cardenas Terminal Portuaria de Contenedores (LCT) at the Port of Lazaro Cardenas, Me ... »

29 Nov 2007

Philippine Cargo Throughput for 7 Months of 2007 up to 5.66 MMTs

Cargo throughput from January to August 2007 increased by 5.67 per cent or 5.66 million metric tons (mmt), according to the Philippine Ports Authority (PPA). Atty. Oscar Sevilla, general manager of the PPA, said foreign cargo grew by 12.16 per cent, ... »

29 Nov 2007

Bulgaria Expects Binding Offer for State Shipping Co Jan 9

Bulgaria's privatisation agency said on Tuesdya it expected the binding offer for the state shipping company Navigation Maritime Bulgare (Navibulgar) by January 9. Earlier this month, the consortium between Bulgarian firm KG Maritime Shipping and Ger ... »

29 Nov 2007

Terminal operator sees Fujairah as 'oil hub'

The Managing Director of the Vopak Horizon Fujairah (VHF) terminal has been giving more details about proposals to expand the storage facility. Walter Moone told Bunkerworld on Tuesday that the plans were still in their "study phase", but that they r ... »

29 Nov 2007

Aker American Shipping to be split

The Board of Directors of Aker American Shipping has decided to implement a split of the company's business activities into a shipowning company and a shipyard. The split will establish a solid foundation for further development of two leading US mar ... »

29 Nov 2007

TOP Tankers Announces Public Offering of Common Stock and Cessation of Offers Under July Prospectus Supplement

TOP Tankers Inc announced that it intends to offer to the public 21,000,000 shares of its common stock (the "Offered Shares"). The Offered Shares will be offered under a newly filed prospectus supplement with the Securities and Exchange Commission in ... »

29 Nov 2007

CMA CGM in Xiamen new port project

French shipping major CMA CGM Group has made its first Chinese port terminal investment by signing a joint venture agreement to develop and build a $307 million deep-water container port at Xiamen's port of Haicang. It will hold a 30% stake in t ... »

29 Nov 2007

Paragon Shipping Inc. Takes Delivery of Its Tenth Vessel

Paragon Shipping Inc. announced yesterday that it took delivery of its tenth drybulk carrier, the Coral Seas, on November 21, 2007 This 74,477 dwt 2006-built Panamax vessel has been chartered to Bunge S.A. pursuant to a time charter with a rema ... »

29 Nov 2007

TBS International Limited Takes Delivery of Handysize Bulk Carrier, M.V. Arapaho Belle

TBS International Limited announced today that it has taken delivery of its the M.V. Arapaho Belle, formerly the M.V. Elsa Oldendorff, an acquisition that it had announced in July 2007.The M.V. Arapaho Belle is a 1998 built, 24,021 dwt handysize bulk ... »

29 Nov 2007

JCR Upgrades MOL's Rating from A+ to AA-

Mitsui O.S.K. Lines, Ltd. (MOL, President: Akimitsu Ashida) today announced that the Japan Credit Rating Agency, Ltd. (JCR) has upgraded the company's rating of its long-term preferred debt from A+ (positive) to AA- (stable) effective November 27, 20 ... »

29 Nov 2007

Cosco hoists sustainability sails

While many Chinese companies are still mystified as to what corporate social responsibility is and why it is important, Cosco is already putting it into practice. Last year, it released its first Annual Sustainable Development Report, the first in Ch ... »

29 Nov 2007

China's bunker sales seen steady while trade soars

China's bunker sales volume is expected to remain steady in 2007 despite the growth in the country's foreign trade, which is mainly by sea, industry officials said on Tuesday. Industry officials forecast bunker sales in China in 2007 would be 2.4 mil ... »

29 Nov 2007

Ships Draw Fire For Rising Role In Air Pollution

As air pollution rises on the global political agenda, pressure is mounting on a largely hidden and proliferating source of dangerous emissions: the shipping industry. The corpuscles of the global economy, ships carry more than 90% of the world's mer ... »

29 Nov 2007

Persian Gulf Oil-Tanker Rates May Curb Gains as Demand Slows

The cost of shipping Middle East crude to Asia, which more than doubled in 11 trading days, may be constrained because refineries have already hired most of the ships they need for December. Refineries hired 82 ships to load in December, leaving abou ... »

29 Nov 2007

Aegean Marine Petroleum Network Inc. Further Expands Marine Fuel Logistics Infrastructure with Two Bunkering Tanker Newbuildings

Aegean Marine Petroleum Network Inc. an international marine fuel logistics company that markets and physically supplies refined marine fuel and lubricants to ships in port and at sea, today announced it has further expanded its marine fuel logistics ... »

29 Nov 2007

DryShips Options Rise on Speculation Shipper Will Reverse Slide

Options traders increased bets that DryShips Inc., the bulk shipper that's tumbled this month after surging sevenfold in 2007, will resume its rally. Bullish options bets outnumbered bearish ones today by about 3-to-1 as shares of the Athens-ba ... »

29 Nov 2007

DP World poised for Cuba terminal

DP World is reportedly close to building a container terminal at the Cuban port of Mariel. A source close to the project has been quoted saying that ''a deal is in the works, and they have signed various agreements.'' DP World had in October begun a ... »

29 Nov 2007

Sevan makes seven in China with DNV

Shanghai: DNV is providing offshore classification services for Sevan Marine's extensive series of seven (7) offshore projects underway in China. Sevan's order book in China represents the single biggest offshore series undertaken to date in China. ' ... »

29 Nov 2007

China Shipping acquires Damietta stake

As part of its efforts to diversify into cargo terminal handling, the China Shipping (Group) Company has signed a 20% acquisition of Egypt's container port of Damietta.Egypt is in one of the most important routes in the Europe-Asia trade lane and acc ... »

29 Nov 2007

EMSA boosts ship pollution response

The European Maritime Safety Agency (EMSA) has finalized contracts to strengthen its pollution response coverage in the Atlantic and Mediterranean regions. EMSA, tasked with assisting EU member states in their response to pollution from ships, has to ... »

29 Nov 2007

India gives go-ahead to $7.16b freight corridor

The Indian government gave an in-principle approval for a dedicated freight corridor in the eastern and western sectors, at an estimated total cost of US$7.16 billion.In-principle approval has been given to the dedicated multi-modal high axle load fr ... »

29 Nov 2007

Rise in tanker traffic sparks fear of spills

The potential for large increases in exports of crude oil through the Port of Vancouver has local politicians concerned about the port's growing vulnerability to oil spills."I don't like any increase in the traffic because of the environmental risk i ... »

29 Nov 2007

Penalties for pollution by ships: Commission sends reasoned opinions to eight Member States

The European Commission decided yesterday to send reasoned opinions to Cyprus, Estonia, Finland, France, Luxembourg, Malta, Portugal and the United Kingdom for failure to adopt national legislation on penalties against those responsible for pol ... »

29 Nov 2007

Blue Star Ferries reports nine-month results

The Board of Directors of Blue Star Maritime S.A. is pleased to announce that Blue Star Group substantially improved its financial results in the nine months period ended September 30, 2007. Particularly, consolidated revenue stood at Euro 136.78 mln ... »

29 Nov 2007

ISPS: Worldwid

The US Coast Guard have issued a notice stating that with the exception of certain named ports, from the 5th of December 2007 it is imposing conditions of entry on vessels arriving in the United States after having called in Cameroon during the five ... »

29 Nov 2007

Samskip acquires the Icepak group of companies

The international shipping and logistics company Samskip has announced the acquisition of leading global reefer logistics company Icepak. The Icepak organisation has offices in Basildon in the UK; Merchantville, New Jersey and Seattle, in North Ameri ... »

29 Nov 2007

American club raises premiums by 20%

Meeting in Shanghai, the directors of the American P&I Club have decided to seek a general increase of 20% on total annual premium for the new policy year. However, the directors emphasised that individual claims records and vessel factors will a ... »

29 Nov 2007

Star Maritime Shareholders Approve Merger And Asset Acquisition

Star Maritime Acquisition Corp. a Delaware corporation, announced that at its special meeting of stockholders held yesterday, its stockholders voted to approve by an overwhelming majority the acquisition by Star Maritime's wholly-owned Marshall Islan ... »

29 Nov 2007

Globus Maritime Limited Enters into a US$120 Million Revolving Credit Facility with Credit Suisse

Globus Maritime Limited, a marine transportation company that owns and operates Handymax and Panamax dry bulk ocean-going vessels, announced today that it has entered into a new revolving loan facility of up to US$120 million with Credit Suisse, whic ... »

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